Yesterday, the CEO of Universal Insurance Holdings Inc (NYSE: UVE), Sean Downes, sold shares of UVE for $1.64M.
Following Sean Downes’ last UVE Sell transaction on June 13, 2016, the stock climbed by 14.8%. In addition to Sean Downes, 2 other UVE executives reported Sell trades in the last month.
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Based on Universal Insurance Holdings Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $197 million and quarterly net profit of $40.06 million. In comparison, last year the company earned revenue of $175 million and had a net profit of $31.2 million. The company has a one-year high of $33.95 and a one-year low of $15.00. UVE’s market cap is $1.13B and the company has a P/E ratio of 9.95.
In the last 30 days, insiders have sold $2.78M worth of UVE shares and purchased $15.88K worth of UVE shares. The insider sentiment on Universal Insurance Holdings Inc has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sean Downes’ trades have generated a -17.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Universal Insurance Holdings, Inc. is a vertically integrated insurance holding company, which through its subsidiaries, covers substantially all aspects of insurance underwriting, distribution, claims processing and exposure management services. The company was founded by Bradley I. Meier on November 13, 1990 and is headquartered in Fort Lauderdale, FL.
